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Digital Media Products and Services

  • Digital Media Products and Services

    $ 475,000

    Factoring

    New Jersey
    • Client: New Jersey Digital media products and services

    • Situation: Recently spun off from a much larger corporation this employee owned company was paying off a large note to the parent company and was in a cash-crunch.

    • Need: Cash flow to pay off debt and support growth

    • Solution: Prestige was able to provide the much-needed cash flow by financing their accounts receivables which enabled them to service their customers and pay off their note to the parent company.